Gas Prices Falling to $3.25 or Less in Some Areas
Ohio Senator Sherrod Brown claims that excessive oil speculation is partly to blame for high oil and gas prices and recently called for the Commodity Futures Trading Commission to intervene.
"We’re seeing gas prices rise long before the peak summer driving season — and excessive oil speculation is a key source of these cost spikes," Brown said in a news release. "In fact, one recent report showed that out-of-control speculation adds 56 cents to every gallon of gasoline siphoned from the pump — and that’s outrageous."
“We cannot afford to sit idly by while Wall Street and Big Oil get richer and Ohio’s families and small business owners foot the bill,” Brown added.